Date: Wednesday, March 22nd
Time: Noon - 1PM
Speaker: Leigh McClure
Details/Description: Nonqualified Plans Education and Q&A - Webinar
What is a nonqualified deferred comp plan?
A deferred compensation plan is an employer-sponsored benefit for the key employees you choose. It’s basically an agreement between you and your key employees. Those who participate defer a portion of their annual compensation into the plan before taxes. And you promise to distribute that money, plus any earnings and additional employer contributions, to them at a future time.
What can you do now to help ensure your top talent remains committed to you – and not the competition?
Consider enhancing your benefits package with a nonqualified deferred compensation plan. It can give you a competitive advantage by:
• Encouraging the best employees to join your organization as it grows.
• Keeping your key employees satisfied and motivated for the long term.
• Rewarding them for reaching goals.
• Helping employees bridge the retirement gap resulting from 401(k) plan testing and limitations.